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and the obama administration is telling companies it is okay to disregard the law when it comes to handing out pink slips in advance to big budget cuts. all three happening before the election. mitt romney has finally put meat on the bones of his tax reform idea. he floated the idea of a $17,000 cap on tax reform reduction. >> you could say everyone is going to get up to a $17,000 deduction. you can fill that bucket if you will and higher income people might have a lower number. >> this is brand new stuff. we have howard dean former vermont governor and candidate. and let's look at this for a second. what do you think? a $17,000 cap on tax deductions for everybody as a way of being fair because the upper end would pay more. what do you think? >> i don't have a problem with the eidea of deductions. here you are. you guys are talking about the private sector all the time. so, i've been convinced because of the high rate of canadian home ownership, i'm not convinced of doing away with charitable deductions. $17,000 ceiling for all tax deductions across the board. sure, steve. the upper end people
on the defense companies feeling the hate from the obama administration on the timing of potential job cuts. wait until you hear the details of what's happening now. >>> up next, what will move your money first thing tomorrow morning? three of wall street's top money pros here tell you what they're watching, on the other side of this break. stay with us. ♪ [ man ] when i'm in my zone... every move i make is a statement... ♪ ...that inspires me to make my mark. ♪ [ male announcer ] the all-new lexus es 350. ♪ >>> all right, welcome back, 30 seconds on the clock, our next guest telling us what they think will move the markets tomorrow morning. we get right to it right now. ubs, steven nicholas, and good to have you on the program, everybody. let's kick it off with you, what are you looking at tomorrow? 30 seconds on the clock. >> well, if you're watching emerging markets, look out for brazil industrial production tomorrow morning at 8:00 a.m. probably mark the 12th straight month of contracting ip, going back to last september. this probably is most importantly for growth but also let's kee
the power of union, wants to strengthen small business, and he feels the obama administration has not been accountable to voters. now, sans is under federal investigation for possible money laundering. though, he says these investigations are partly because he's funding the opponent to obama. the top-ranked democrat isn't in the same league. in fact, he wouldn't even make the top five in the gop club. let's look at the difference here. it's steve mostin. 2.2 puts him as the top donor. that's more than one-tenth of the amount. now, he's a trial lawyer in houston. he made a fortune from hurricane lawsuits. he's opposed, no surprise, to tort reform and caps on jury awards. he's going head to head with fellow texan romney supporter bob perry. he's the number two romney donor. he helped fund a group that distributed a flyer attacking mostyn. he fought back with a anti-perry website. seems that even the donors now are behaving more like the politicians that they support. back to you. >> pretty amazing, robert. you know, money has been talking. it's not just for the presidential candidates, right
pressure on the obama administration tonight. after two weeks of changing stories from the white house following the libya terror attacks. tonight, four gop senators sending a letter to susan rice calling for answers. >> we welcome back to the program senator ron johnson of wisconsin. mr. johnson, thank you, sir. you and a handful of other senators have written a tough letter to u.n. ambassador susan rice. can you tell us what's in that letter and what prompted you to write it? >> well, you know, we are calling on ambassador rice to explain the inaccuracies on the news shows. following the killing of ambassador stevens in benghazi. and really, it was very apparent, larry, very early on that this was a pre-planned attack. the libyan president said it was a pre-planned attack. and you have the ambassador of the united nations for the united states coming on and misleading the public. basically we have sent a letter to ambassador rice to explain herself. >> you know, there's a story out today, i didn't know if you saw it, senator, but the story essentially was that the united states gover
't that right? >> thank you, larry. a dramatic, unusual announcement from the obama administration involving a chinese wind farm facility in oregon that just happens to be right next to a sensitive united states military base. i will have all of the details when "the kudlow report" comes back. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions... because the results... are you having fun doing this? yeah. that's a very nice cake! [ male announcer ] well, you can't beat them. [ giggles ] ohh! you got something huh? whoa... [ male announcer ] humana understands the value of spending time together that's a lot of work getting that one in! let's go see the birdies. [ male announcer ] one on one, sharing what you know. let's do it grandpa. that's why humana agents will sit down with you, to listen and understand what's important to you. it's how we help you choose the right humana medicare plan for you. because
question is the republican nominee, mitt romney, has accused the obama administration of not being tough enough on china. the third question you have a report coming out october 15th on whether china is a currency manipulator. what are you going to say? >> well, let me just start with your first question. china's leadership team is undergoing a transition process and confront important questions how they are going to take forward their economic policy. steve, as you know, since day one, president obama's been extremely focused on achieving a more balanced relationship with china, one that create more opportunities for our workers, for our businesses, to export, to sell into china's growing market. we have invest ready considerably with a lot of engagement with china's economic decisionmakers to make sure as they continue to navigate their recovery, they do so in a way that creates export opportunities and we have seen results. we have seen their overall imbalance come down from 9 percentage points of gdp to 3 percentage points of gdp, seen u.s. exports to this market doubling, growing fa
't know precisely how the obama administration proposes to raise the top corporate rate to on 28%. we don't know how mitt romney proposes to lower the corporate rate to 20%, 25%, i forget which one, because they haven't identified the loopholes. >> but that's linchpin of the whole campaign is around taxes, is around lowering taxes and is around -- >> actually, it's not. actually, it's not because if you remember, andrew, in his convention speech, he didn't especially mention his individual tax cut. and he went out on the road last week and said by the way, i'm going to cut tax rates, but don't expect a big tax cut because i'm going to take away deductions. so romney in fact and i've talked to romney's strategists about this, they know that voters don't actually believe that you're going to have a big net tax cut for anybody. it's not credible. >> the linchpin of the entire plan is to raise taxes on people 250 or above, which does nothing for the definite sit, does nothing with entitlements. not only are you not talking details, all you have is raising tax on people that have money and tal
apparatus, at least as regards to the middle east in team obama as an administration, i think it's broken down. why the heck would they send susan rice around to fife news stations? what point is there? even if she had half the information or if she had all the information, it's all politics now and it looks like the professional operation, peter king, i give you the last word on this, has broken down. >> it has, the whole intelligence operation, what susan rice did, what the justice department was distort the information they had been given. it would take a way from the issue that that consulate was not properly protected. that should have been protected much more strongly than it was. the failure by the administration, but it's reflective as vanessa williams said, he's talking about iraq, he's talking about iran, he's talking about syria and libya. and our closest ally, israel. >> has the security apparatus broken down elsewhere? that is an important question. i mean we're not going to know, they're not going to investigate themselves. nobody in the white house wants to tell the truth a
reserves of shale gas. and spokesman for mitt romney says the obama administration should formally their china a currency manipulator. semiannual report due on the topic released by treasury in mid october. >> it had stopped for a while and yuan was slowly moving up, but then with all the pressures with their economy, it's kind of turned around. >> when you start messing around with china as a political football on either side, election nearing and -- >> and tensions between china and japan got pretty bad. i heard the lexus is going to be slowing down production because wealthy people don't want to buy a japanese luxury sedan. >> a lot of people that were wealthy aren't quite as wealthy as they used to be. i think trump was always railing about china, too. >> in other news out of washington, the white house is reportedly prepare to go direct federal agencies to develop guidelines for owners of power, water and other infrastructure facilities. it would give the agencies 90 days to propose new regulations and create a new cyber security council at the department of homeland security.
of the president obama's administration. i ran to the bit, too many things happening too fast. first t.a.r.p., auto industry, stimulus, home modification and the deficits are going up, up, up. so i blew a valve on it. what would it be like to have this president with a lame duck scenario where he has no governor, where he can do without the notion that he has to get re-elected again. do you see this as a big market issue, in terms of dividend taxes, obama care, taxes and higher fees there? >> i most certainly do. i think he's going to try to push his agenda. some people want to look back too the clinton years when he lost big time in the midterms just as obama did. >> november '93. >> clinton gave ground. obama has given no ground. i don't know there's any indication he'll give any ground this time. that's a big mistake if that's the case. i hope not. but it appears that's a real possibility. >> how times have changed. i thought mitt romney had a bit of a -- he could do a bit of a "saturday night live" skit, he had some good laughs there, but think about al gore, vice president to clinton, how ofte
investment and let's not forget what you had over the last few years is government policies out of the obama administration that will make the auto industry less competitive in the long run because what they have done is made it harder to manufacture in the united states and harder to create jobs here and if we're going to have a u.s. auto industry that is sustainable in the long run, what mitt romney is committed to, we have to change policy and that's what mitt romney will do. >> the argument might ring hollow to someone who is an auto worker in ohio who is suddenly getting more hours, right, the overtime that he hadn't gotten the last three years. >> well, ultimately that's want because of what the president did. we don't believe it is because of what the president did. we believe it is because of the resilience of the american people. the question is what's going to get the auto industry steady for the long run. the answer is not increased government involvement. it is policies that will create greater job creation and greater manufacturing in the united states and those are the policies
to the upcoming november elections, the administration is taking another swing at china. meanwhile, president obama this afternoon taking steps to block a chinese-owned company from acquiring facilities in oregon. but there may be a lot more to this story than meets the eye. amon is in washington. >> hi, maria. an extraordinary releases this afternoon from the united states government. the first thing we got was this order from president barack obama ordering the company to divest from a wind project in oregon using the so-called sifieuos program. this one is the fist time in 22 years that the u.s. government has done this it or president of the united states has done this. it goes beyond what we've ever seen before, including this language ordering the facility in oregon to effectively be rai razed, saying the company must remove all structures, items, or physical object, including the concrete foundations of the property. that's the first time anyone ever affiliated with this has ever seen anything like that. the treasury department later in the day issuing a statement saying why they might
of the problems that the administration has is that they never proposed the original stimulus bill. it was written in congress. they never proposed an obama care bill, it was written in congress. dodd/frank was written in congress. i think the administration, the role of the executive is to send down a piece of legislation that is an anchor that doesn't let things go too far one way or the other. and i think their mistake in their first two years when they had overwhelming majorities was the administration never laid down an anchor. >> do you think they've learned from those mistakes? >> never in history has a second term been better than a first term. and i think that's important to keep in mind. >> whoa, whoa. clinton. >> well, president clinton's, remember the budget deal was signed in the first term. but the second term was dominated by impeachment. >> the tabloids would say the second term was much better. i'm sorry. you get into the stock picks when we come back, we're going to do that. we're going to have to go right to you. you ready? you got them? >> i'm ready. >> what do you got? one sto
Search Results 0 to 12 of about 13

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